Which car insurance items are mandatory to purchase?
1 Answers
When purchasing car insurance, compulsory traffic insurance, passenger liability insurance, third-party liability insurance, and no-deductible insurance are mandatory. Below is relevant information about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that provides compensation for personal injuries or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance and represents a relatively young segment within the property insurance field. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage as the main policy, gradually expanding to cover risks such as collision damage to the vehicle body. 2. Classification: Vehicle insurance can be divided into commercial insurance and compulsory traffic insurance. Commercial insurance further consists of two parts: main vehicle insurance and additional coverage. The main commercial insurance policies include vehicle damage insurance, third-party liability insurance, passenger liability insurance, and comprehensive theft insurance.